When the Bough Breaks the Economy Will Fall – Trouble to Come in the New Year

Donald Trump promises an economic miracle during his administration, low taxes, record profits for companies, and high-paying jobs for workers. I wish it were true, but it ain’t going to happen.

Unbeknownst to the President-elect, capitalist economies have built-in economic cycles with highs (peaks) and lows (troughs). That’s just the way capitalism works. The National Bureau of Economic Research (NBER) uses changes in gross domestic product, or GDP, to measure the length of economic cycles from trough to trough, or peak to peak. On the average, since the 1950s U.S. economic cycles have lasted about read more >>>